Based on COMMISSION DELEGATED REGULATION (EU) 2023/137 of 10 October 2022 amending Regulation (EC) No 1893/2006 of the European Parliament and of the Council establishing the statistical classification of economic activities NACE Revision 2 (Regulation shall apply to the data transmissions to the Commission (Eurostat) relating to each reference period from 1 January 2025), NACE Codes are changed.

For FINREP reporting, main change is new “SECTION K – TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES”, where actual SECTION “K” will be “SECTION L – FINANCIAL AND INSURANCE ACTIVITIES”.

Due to the fact that we can’t find in Reporting framework 4.0 this change, and that actual Annex V, Part II, paragraph 92 prescribed: Reporting of NACE codes shall be done with the first level of disaggregation (by ‘section’). Institutions shall report loans and advances to non-financial corporations which engage in financial or insurance activities in ‘K – Financial and insurance activities’, we strongly believe that all reporting institutes will have significant issue in FINREP 1Q2025 reporting. 

Could you please give us your opinion on how to prepare Template F 06.01, if there will not be changes of actual to Annex III, Annex V and Validation rules?